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Union Budget 2024 has stirred the stock market, setting the stage for a surge of IPOs. These IPOs attract both new and experienced investors with options from established giants to innovative startups. Here's a guide to the upcoming IPOs in 2024 to help you make informed investment decisions.
As anticipated, Union Budget 2024 generated significant buzz in the stock market. After experiencing some fluctuations, the market is now gearing up for a wave of IPOs. These Initial Public Offerings (IPOs) attract both new and seasoned investors, providing a range of options from established business giants to innovative start-ups. If you're looking to grow your financial portfolio, we've got you covered. Read on as we list some of the upcoming IPOs in 2024.
Go through all of them, try analysing their profitability, go over your risk appetite and then make a well-informed decision. To help you do all this, here is a complete guide on upcoming IPOs. Buckle up, folks!
IPOs are a two-way street, that is important for the company as well as the investor. The company makes its shares public, to the general public. When people buy these shares, the company raises capital that is further utilised in the development and growth of the company. When the company profits, so do the investors.
Here’s a list of some of the open and soon-to-be-launched IPOs that you can consider.
Name of the Company | Issue Price | Lot Size | Issue Size (in crores) | Open Date | Close Date | Allotment Date | Listing Date |
₹85 | 1600 | 45.90 | 24 July 2024 | 26 July 2024 | 27 July 2024 | 31 July 2024 | |
42 | 3000 | 18.52 | 23 July 2024 | 25 July 2024 | 26 July 2024 | 30 July 2024 | |
₹56 | 2000 | 27.62 | 24 July 2024 | 26 July 2024 | 27 July 2024 | 31 July 2024 | |
₹105 | 1200 | 70.81 | 22 July 2024 | 24 July 2024 | 25 July 2024 | 29 July 2024 | |
₹210 | 2000 | 300.00 | 22 July 2024 | 24 July 2024 | 25 July 2024 | 08 Nov 24 | |
₹ 93 | 1200 | 61.21 | 23 July 2024 | 25 July 2024 | 26 July 2024 | 30 July 2024 | |
₹58 | 2000 | 29.23 | 25 July 2024 | 29 July 2024 | 30 July 2024 | 1 August 2024 | |
₹96 | 1200 | 5.78 | 25 July 2024 | 29 July 2024 | 30 July 2024 | 1 August 2024 |
Name of the Company | Issue Price | Lot Size | Issue Size (in crores) | Open Date | Close Date | Allotment Date | Listing Date |
Esprit Stones | ₹87 | 1600 | 50.42 | 26 July 2024 | 30 July 2024 | 31 July 2024 | 2 August 2024 |
Trom Industries | ₹115 | 1200 | 31.37 | 25 July 2024 | 29 July 2024 | 30 July 2024 | 1 August 2024 |
S A Tech Software India | ₹59 | 2000 | 23.01 | 26 July 2024 | 30 July 2024 | 31 July 2024 | 2 August 2024 |
Ashapura Logistics Limited | ₹136 to ₹144 | 1000 | 52.66 | 30 July 2024 | 1 August 2024 | 2 August 2024 | 6 August 2024 |
Rajputana Industries Limited | ₹36 to ₹38 | 3000 | 23.88 | 30 July 2024 | 1 August 2024 | 2 August 2024 | 6 August 2024 |
Akums Drugs and Pharmaceuticals Limited | ₹646 to ₹679 | 22 | 1856.74 | 30 July 2024 | 1 August 2024 | 2 August 2024 | 6 August 2024 |
Sathlokhar Synergys E&C Global Limited | ₹133 to ₹140 | 1000 | 92.93 | 30 July 2024 | 1 August 2024 | 2 August 2024 | 6 August 2024 |
Bulkcorp International Limited | ₹100 to ₹105 | 1200 | 20.78 | 30 July 2024 | 1 August 2024 | 2 August 2024 | 6 August 2024 |
Ola Electric (OLA Cabs) | Awaited | Awaited | Awaited | Coming Soon | Awaited | Awaited | Awaited |
FirstCry | Awaited | Awaited | Awaited | Coming Soon | Awaited | Awaited | Awaited |
Hyundai Motor India | Awaited | Awaited | Awaited | Coming Soon | Awaited | Awaited | Awaited |
To help you in taking a call about your investments, here’s a little more about the companies with upcoming IPOs.
Investing in Initial Public Offerings (IPOs) offers both opportunities and risks. To make informed decisions, it's crucial to approach IPOs with caution and thorough research. Start by examining the company's prospectus, which, despite being a dry read, details the company's risks, opportunities, and proposed uses for the funds raised. Remember, the prospectus is written by the company itself, so maintain a healthy scepticism.
Investing in IPOs can be a lucrative opportunity, but it requires careful consideration and research. Conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is, therefore, essential. If a company's strengths outweigh its risks, it might be a good investment. For instance, companies with a solid market share and efficient distribution networks often present promising IPO opportunities.
Keep in mind that a lack of available information can make it challenging to gauge the true potential of a company. By exploring the available literature, understanding the prospectus, conducting a SWOT analysis, and using reliable resources, you can navigate the IPO market with confidence.
Considered to be a money-making opportunity, IPOs of big companies grab the spotlight. The share prices go up when they go public. However, IPOs do come with their share of challenges. Yes, they are undeniably trendy, but their inconsistent returns can often make them a risky investment.
Exploring the companies’ official websites, going through their progress understanding their business model, knowing their valuation and a thorough research on their future can help make the right decisions.
Disclaimer:
Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
IPO Disclaimer:
This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.
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